Beware of scam calls and scam messages impersonating as CPF officers asking for your personal details. Ignore them and do not share your Singpass ID/password or banking details with anyone. CPF officers will NOT ask for your Singpass, banking userid or password.

Scheduled Maintenance: CPF digital services will not be available from 26 Nov 2022, 10pm to 27 Nov 2022, 7am.

Maintenance: CPF digital services are not available on 22 Nov 2022 from 12.30pm to 2.30pm. You may access CPF Mobile app.

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Can I enjoy tax relief as a self-employed person when I make voluntary top-ups?

Self-employed persons (SEPs) can enjoy tax relief on their mandatory and voluntary CPF contributions based on their annual net trade income (NTI). However, there is no tax relief for your mandatory or voluntary CPF contributions if your assessed NTI for the year of assessment is zero or negative.

The maximum tax deduction on mandatory and voluntary CPF contributions by an SEP is as follows:

  • Year 2015: 37% of assessable income, or up to CPF Annual Limit of $31,450, whichever is lower;
  • Year 2016 onwards: 37% of assessable income, or up to CPF Annual Limit of $37,740, whichever is lower

Please note that there will be a personal income tax relief cap of $80,000 which will apply from Year of Assessment 2018. This cap applies to the total amount of all tax reliefs claimed, including any relief on voluntary contributions made on or after 1 January 2017.

As accepted voluntary CPF top-ups cannot be refunded, CPF members who make voluntary CPF top-ups on or after 1 January 2017 should take note of the overall personal income tax relief cap. You should evaluate whether you would benefit from tax relief on your voluntary CPF top-ups and make an informed decision. Please visit the Inland Revenue Authority of Singapore (IRAS) website for more information.